Author of, "The Real Oil Shock: How Oil Transformed Money, Debt, and Finance". Economic historian & writing at the Spark https://the-spark.ghost.io/ Also published in Liberal Currents, OilPrice.com, and the New Republic.
Any halfway competent authoritarian could've used this as something of a rally around the flag moment. Thankfully, Trump is a stupid, petty, allegedly demented probable narcissist, so of course he biffs it.
Aaron RuparTrump: "We heard in Minnesota there was a cyberattack and they blame it on Iran. I don't think so. I blame it on Minnesota because they're grossly incompetent. Iran's got bigger problems than worrying about Minnesota."
Film you've watched more than six times with a gif. Hard mode: no Star Trek, Star Wars, LOTR, Marvel, Disney, or Ghibli.
The Big Short - FraudALT: The Big Short - Fraudstatic.klipy.comAlan ElrodFilm you've watched more than six times with a gif. Hard mode: no Star Trek, Star Wars, LOTR, Marvel, Disney, or Ghibli.
Oh boy. I don't think anyone has ever decided the best way to save their rocket company is to feed it the one vaguely functional business concern under their ownership before. No matter how this goes, it will be historic. And also probably very funny.
George PearkesSo $SPCX swallowing $TSLA is absolutely happening. www.wsj.com/business/aut...
SMDH Adding this to my folder of future history class material.
Aaron RuparFox correspondent: "President Trump tells Fox News about Iran, 'We are going to beat the f**king s**t out of them.' He went on to say, 'We'll be hitting them hard. They're going to get a beating.'"
This is promising but also requires even greater preparation for thwarting Trump's actions to subvert the upcoming midterms. MAGA is not leaving their present position of power without a fight and how that plays out will likely matter more for how the US winds up than the 2028 elections will.
Greg SargentThis collapse rivals Nixon during worst of Watergate and LBJ as Vietnam overwhelmed his domestic agenda. Only it might be worse, one expert says: There's also widespread public recognition of his unchecked narcissism and placing himself over the good of the country. newrepublic.com/article/2137...
Widespread fraud & structural underestimation of risk are two very common symptoms of an economic bubble.
Timnit Gebru"As Japanese financial newspaper Nikkei Asia found in a recent investigation, just five US tech giants — Alphabet, Microsoft, Amazon, Meta, and Oracle — are hiding an estimated $1.65 trillion in debt that doesn’t appear on balance sheets. futurism.com/artificial-i...
Historians have a duty to teach about the lengthy, determined efforts by the oil industry to thwart our understanding of climate change despite knowing better. Nothing better encapsulates what the oil industry is like the proof that they knowingly endangered all life on Earth to protect themselves.
Rebecca JohnOverloading Earth with pollution could cause a “disaster global in scale” warned James Lovelock in a "Shell Lecture" from 1985 I discovered researching this piece. Better to show “respect proper to a living planet” than live "where we are no longer a favored species.” Prescient words hit hard now.
The SpaceX IPO ws the most catastrophic detonation since Elon's last rocket launch. The Cybertruck is the biggest lemon in automotive history. He said his people were ten years away from a Mars colony over fifteen years ago. Can the business press PLEASE stop reporting his fantasies as fact?
Tales From The FutureAfter a decade of fake FSD promises: Musk is claiming that “Optimus will beat top surgeons in 3 years”. Can’t stop, won’t stop. $TSLA $TSLAQ “Elon Musk calls medical school 'pointless,' says robots will beat any surgeon in 3 years — telling students to walk away” finance.yahoo.com/sectors/heal...
If insurers won't cover ships, then ships don't sail. If ships don't sail, then Saudi Arabia's Red Sea ports are not a solution to the Strait of Hormuz being obstructed. Ergo, we are firmly in energy shock territory and have never really left it. #EconSky #EnergySky
Financial TimesShip insurers restrict war coverage for Saudi Arabian cargoes in Red Sea ft.trib.al/IkTf1tU
Reposting this as it expands more on how an electric economy will, without fail, solidly outclass those who remain dependent on fossil fuels for their energy. Electrostates are the future and smart industrial policy embraces this potential. #EnergySky #ClimateSky #EconSky
The Electrostate Revolution Part 2 - Why the Future is ElectricIf there is one good way to sum up the leap from petrostate to electrostate, it would be thinking of the shift in terms of transitioning from analog technology to digital systems.the-spark.ghost.ioPaul BoldrinThe story of yet another "hard to decarbonise" sector getting on with decarbonising. We need to realise that *everything* is going to end up being cheaper electrified and design industrial strategy around that fact, otherwise we're going to be continually surprised that China has got there first.
Just in time for the Sunday shows and for the markets to open. How convenient.
ShipwreckIn the past 24 hours, three regional officials have said that the 2 days of talks between Oman and Iran to reopen the waterways around the SoH are progressing. An Iranian official said that Omani officials departed Tehran around noon local time yesterday. U.S. bombing did not resume.-CBS News